Brief: Gran Tierra Energy Announces Agreement To Sell Its Colombia & Ecuador Business To Maurel & Prom

Etablissements Maurel et Prom SA

05/08/2026 06:51

Aug 5 (Reuters) - Gran Tierra Energy Inc GTE.TO:
GRAN TIERRA ENERGY INC. ANNOUNCES AGREEMENT TO SELL ITS COLOMBIA AND ECUADOR BUSINESS TO MAUREL & PROM AND REPOSITION THE COMPANY FOR FULLY FINANCED GROWTH
GRAN TIERRA ENERGY - EXPECTS $315 MILLION NET CASH PROCEEDS FROM SALE, $250 MILLION AT CLOSING
GRAN TIERRA ENERGY: CONTINUING COMPANY TO HAVE AN ESTIMATED PRO-FORMA PDP NET ASSET VALUE (NPV10 BT) OF APPROXIMATELY $12.49 PER SHARE (FULLY DILUTED)
GRAN TIERRA ENERGY INC - TOTAL CONSIDERATION REPRESENTS $1.33 BILLION WHICH ALIGNS TO AN AFTER-TAX NET PRESENT VALUE
GRAN TIERRA: PURCHASER TO ASSUME SUBSTANTIALLY ALL OF COMPANY'S NET LIABILITIES, POSITIONING GRAN TIERRA TO BE DEBT-FREE WITH SIGNIFICANT CASH AT COMPLETION
: GRAN TIERRA ENERGY INC. ANNOUNCES AGREEMENT TO SELL ITS COLOMBIA AND ECUADOR BUSINESS TO MAUREL & PROM AND REPOSITION THE COMPANY FOR FULLY FINANCED GROWTH
Source text: ID:nGNX27ZMN8
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